Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Geothermal Clean Energy Investment Project (P113078) EAST ASIA AND PACIFIC | Indonesia | Energy & Extractives Global Practice | IBRD/IDA | Specific Investment Loan | FY 2012 | Seq No: 8 | ARCHIVED on 07-Jun-2016 | ISR23492 | Implementing Agencies: Pertamina Geothermal Energy Key Dates Key Project Dates Bank Approval Date:26-Jul-2011 Effectiveness Date:29-Jun-2012 Planned Mid Term Review Date:16-Mar-2015 Actual Mid-Term Review Date:13-Oct-2014 Original Closing Date:31-Mar-2015 Revised Closing Date:31-Dec-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the proposed project is to increase power generation from renewable geothermal resources, and reduce local and global environmental impacts. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name 1 - Investment in Geothermal Power Generation Capacity (US$574.7 million):(Cost $574.70 M) 2 - Technical Assistance for Capacity Building (US$6.95 million):(Cost $6.95 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 6/7/2016 Page 1 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) The Project has secured reinjection targets and is now making good progress to develop production and reinjection capacity. EPC contracts for Ulubelu 3&4 and Lahendong 5&6 are progressing well. The Project's objectives are likely to be achieved by the project closing date. The next supervision is planned for September 2016. 6/7/2016 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Risks 6/7/2016 Page 3 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Low  Low Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Moderate  Moderate Environment and Social  --  Moderate  Moderate Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  New geothermal power generation capacity installed directly financed by the World Bank loan (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 75.00 150.00 Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDPDOTBL  Avoided local air pollution (NOX, SO2, TSP) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 3,000 tonnes of NOX 0 tonnes of NOX 0 tonnes of NOX 0 tonnes of NOX 5,400 tonnes of Value 0 tonnes of SO2 0 tonnes of SO2 0 tonnes of SO2 SO2 0 tonnes of TSP 0 tonnes of TSP 0 tonnes of TSP 2,500 tonnes of TSP Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 6/7/2016 Page 4 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) PHINDPDOTBL  Avoided global GHG pollution (CO2) (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1100000.00 Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDPDOTBL  Progress of EPC contract for UlubeluSAGS+power plant (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 37.21 84.32 100.00 Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDPDOTBL  Progress of EPC contract for Lahendong SAGS+power plant (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 24.48 69.07 100.00 Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDPDOTBL  Contribute towards PGE becoming a leading geothermal developer (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 232.00 432.00 432.00 700.00 Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDPDOTBL  Ensure technical, environmental and social protection in line with industry standards during project preparation. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Feasibility studies are Two FS completed Two FS completed Feasibility Value under par of industry meeting industry meeting industry studies meet standards. standards standards good industry 6/7/2016 Page 5 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) practice. Date 26-Jul-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDPDOTBL  Maintain operation availability of geothermal power plants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.85 0.90 0.90 0.85 Date -- 16-Sep-2015 16-May-2016 31-Dec-2018 Overall Comments Intermediate Results Indicators PHINDIRITBL  Minimum of 2 EPC contracts signed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 2 2 2 Date 26-Dec-2011 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDIRITBL  Yearly agreement reached between PGE and TCP Partner on support program (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Agreement Value Partner not procured Agreement reached Agreement reached reached Date 01-Jan-2012 16-Sep-2015 16-May-2016 31-Dec-2018 6/7/2016 Page 6 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) PHINDIRITBL  World Bank approval of yearly training program (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Training Training Program yet to be Training Program was Training Program was Value Program approved fully completed fully completed approved Date 01-Jan-2012 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDIRITBL  Minimum of 40 staff trained in key workshops each year (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 206.00 206.00 120.00 Date 01-Apr-2012 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDIRITBL  IT software purchased, installed, and being utilized by PGE staff (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Software procurement Software Software procurement is is underway and installed, Value Software not installed expected to be completed by Sept utilized by PGE completed by June 2015 staff Date 01-Jan-2012 16-Sep-2015 16-May-2016 31-Dec-2018 PHINDIRITBL  Bid documents including FEED issued for one geothermal plant; Studies issued for new developments/investments (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Bid Bid documents/studies not Bid documents/studies Bid documents/studies Value documents/stud issued issued. issued. ies issued Date 01-Jan-2012 16-Sep-2015 16-May-2016 31-Dec-2018 Overall Comments Data on Financial Performance 6/7/2016 Page 7 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P113078 IBRD-80820 Effective USD 175.00 175.00 0.00 42.35 132.65 24% P113078 TF-10407 Effective USD 125.00 125.00 0.00 28.20 96.80 23% P113078 TF-11854 Effective USD 6.95 6.95 0.00 6.09 0.86 88% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P113078 IBRD-80820 Effective 26-Jul-2011 05-Dec-2011 29-Jun-2012 31-Mar-2015 31-Dec-2018 P113078 TF-10407 Effective 26-Jul-2011 05-Dec-2011 29-Jun-2012 31-Mar-2015 31-Dec-2018 P113078 TF-11854 Effective 24-May-2012 24-May-2012 24-May-2012 31-Mar-2015 31-Dec-2016 Cumulative Disbursements Restructuring History Level 2 Approved on 26-Mar-2015 6/7/2016 Page 8 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Related Project(s) There are no related projects. 6/7/2016 Page 9 of 9 Public Disclosure Copy